Forus S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 01, 2023 at 10:11 am EST
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Forus S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was CLP 87,406.75 million compared to CLP 96,662.11 million a year ago. Net income was CLP 10,157.27 million compared to CLP 13,760.18 million a year ago. Basic earnings per share from continuing operations was CLP 39.3 compared to CLP 53.7 a year ago.
For the full year, sales was CLP 315,055.26 million compared to CLP 294,690.5 million a year ago. Net income was CLP 31,542.74 million compared to CLP 39,349.62 million a year ago. Basic earnings per share from continuing operations was CLP 122 compared to CLP 152.4 a year ago.
Forus SA is a Chile-based company primarily engaged in the footwear and apparel retail. The Company focuses on the design, production and distribution of footwear, apparel and accessories for men, women and children. The Company's activities are divided into two business segments: Retail, which sells goods through retail and online stores, and Wholesale, which distributes goods through department stores, owned by Cencosud Retail SA, Falabella Retail SA and Ripley Corp SA, among others. The Company offers products under a range of brand names, including Hush Puppies, Cat, Merrell, Columbia, Mountain Hardwear, Azaleia, Sebago, Nine West, Brooks, Calpany, Skullcandy and Norseg, among others. Its distribution network includes point of sales located in Chile, Uruguay, Peru and Colombia. The Company operates through a number of subsidiaries, such as as Uruforus SA, Peru Forus SA and Forus Colombia SAS. The Company is controlled by Inversiones Costanera Ltda.
FORUS S.A. 
